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belka [17]
3 years ago
11

If an executive or department head practices a laissez-faire approach to management, she is _____.

Business
2 answers:
lakkis [162]3 years ago
6 0

The correct answer is A. Leaving how the work gets done and by whom up to the staff

Explanation

Laissez-Faire is a French term to refer to a form of leadership in which the director of a job allows workers to make decisions on how to perform the work required to achieve greater efficiency. The director delegates the responsibility to the employee so that he decides on the work and the director only has to supervise without having to control the whole process. So, the correct answer is A. Leaving how the work gets done and by whom up to the staff

Ivanshal [37]3 years ago
4 0
A. leaving how the work gets done and by whom up to the staff
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Consumer surplus Select one: a. is the amount of a good that a consumer can buy at a price below equilibrium price. b. is the am
Burka [1]

Answer:

b. is the amount a consumer is willing to pay minus the amount the consumer actually pays.

Explanation:

Consumer surplus = willingness to pay less price of the good.

Let assume a student is willing to pay $30 for a book and the price of the book is $15. The student's consumer surplus is $30 - $15 = $15

I hope my answer helps you

8 0
3 years ago
What is something economists need to know the least in order to effectively fine tune the economy?
Art [367]
<span>b. the cpi is what the economists need to know the least.
CPI stands for Consumer Price index which measures the change in price level based on the goods and services purhased by consumers. The Costumer price Index will not affect the economic situation because it only calculate the </span><span>measurement of the price changes of a basket of goods over time.</span>
6 0
3 years ago
38) A lottery ticket states that you will receive $250 every year for the next ten years. a. What is the present value of the wi
Stells [14]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A lottery ticket states that you will receive $250 every year for the next ten years.

A)  i=0.06      ordinary annuity

PV= FV/(1+i)^n

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {250*[(1.06^10)-1]}/0.06= $3,295.20

PV= 3,295.20/1.06^10=1,840.02

B) i=0.06 annuity due (beginning of the year)

FV= 3,295.20 + [(250*1.06^10)-1]= $3492.91

PV= 3492.91/1.06^10= $1,950.42

C) The interest gets compounded for one more period in an annuity due.

5 0
3 years ago
The Beach Shack Company produced 5,500 cakes that require 3 standard pounds per unit at $3. 00 standard price per pound. The com
prohojiy [21]

Answer:

Explanation:

Standard pounds per cake = 3 pounds

Standard unit price = $3

Standard pounds 5500 cakes = 16,500 pounds

Actual pounds per 5500 cakes = 16,650

Variance = (16,650 - 16,500)=150

Cost of actual materials used = actual materials * standard price

=16,650*3 =49,950

Cost of work in progress = Standard materials * standard price = 16,500*3= 49.500

Direct material quantity variance = Quantity variance * 3

150*3 = 450

Journal entry

Debit work in progress = 49,500

Debit material quantity variance = 450

Credit Material = 49,950

4 0
3 years ago
An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales
mina [271]

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

  • Following characteristics would be typical of an industry that is in the start-up age :
  • 4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
  • The households between $1 million and $2 million in net worth is given below :
  • $1,000,000 in wealth is near the 88% in America.
  • Around 15,117,804 are households that matched this bracket or more.
  • 5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
  • There are certain strategies which includes
  • price matching,
  • evaluating the competitors,
  • product re-branding,
  • creative advertising and marketing
3 0
3 years ago
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